Satia Industries Limited (SATIA) Stock - Complete Technical Analysis - Nov 01, 2024

Technical Analysis of Satia Industries (SATIA): Key Insights for Traders

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions. Satia Industries Limited, trading at 112.77, has exhibited notable price activity recently. The stock is currently 27.25% below its 52-week high of 155 and 12.43% above its 52-week low of 100.3.

Analyzing the recent price trends, we see an upward trajectory in the last week, particularly with the latest session opening at 111, dipping slightly to a low of 110.6, and peaking at 113 before closing at 112.77. This reflects a positive momentum as the price trend appears to favor buyers.

Key support is identified at 110.6, while the stock faces resistance near the 114 mark, supported by the 50-day EMA. The MACD reading, which is in negative territory, indicates some bearish pressure, yet the RSI at 52.69 suggests that the stock is trading within a balanced zone, showing no clear signs of being overbought or oversold.

The ADX is noteworthy at 30.14, indicating a strong existing trend. However, the Awesome Oscillator at -5.16 highlights a potential weakening of bullish momentum. The Stochastic RSI indicates readiness for a breakout, hinting at upward potential if momentum remains strong.

Volatility metrics from the ATR signal that traders should stay alert for sudden price shifts. In summary, investors should monitor the 110.6 support level closely, while a breakthrough above 114 could open doors for further upward movement. Conversely, any decline below 110.6 might point toward a trend reversal, making these levels critical for trading strategies.